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Here's some real data for you, in a NY college no less.

President of my undergrad college made $884K last year [1], but a medical school professor made nearly $2M.

They're a professor for Orthopedics. Orthopedics is the highest paid specialty and at a university, Professor == Physician.

Point is he's making that money for the hospital for patient services, not because of his teaching.

Medical schools usually have separated funding sources too. Many professors are in fact practicing medicine in their field.